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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Fees ban - timetable suggests it won't be in place until 2018

The government says the formal consultation on the proposed introduction of a ban on letting agent fees levied on tenants in England will be held in...

"Tenant demand slides" in London, warns industry body

The central London rental market is beginning to show signs of topping out as tenant demand slides and landlords look to higher yielding investments in other...

'Don't raise rents - try to keep tenants' letting agent tells landlords

Benham & Reeves Residential Lettings says it is encouraging its London landlords to avoid rent rises and instead focus on retaining tenants over the long term.    This...

Prohibition Order served on flat with Gurkha veteran tenant

A Prohibition Order has been served on the owner of a flat being let to an elderly couple - one of which was a Gurkha veteran.   He...

Trade group warns politicians over new tax powers

The Residential Landlords Association says new tax powers devolving to the Welsh Assembly should involve exemptions when it comes to the three per cent stamp duty...

Student rental specialists express concern over EU Single Market

Specialist student rental company Studenttenant.com has expressed concern at Prime Minister Theresa May’s announcement this week that Britain would not seek to be part of the...

First-ever apprenticeship in property management takes shape

The property management company Rendall & Rittner is spearheading the first ever government apprenticeship pilot in Housing and Property Management.    Since the government’s pledge last year to...

Multiple health and safety issues lead to court and fine

A landlord has been prosecuted and fined for failure to comply with two Improvement Notices “resulting in a catalogue of health and safety hazards in the...

Average rents north of the border suffer unexpected dip

Average private rents in Scotland at the national level recorded an uncharacteristic dip in the final quarter of 2016, down 0.9 per cent on the year...

NALS-led forum asked to consider how fees ban could operate

The Fair Fees Forum, a platform for letting agencies and trade bodies set up by the National Approved Lettings Scheme, has been asked by a government...

It's not just London - prime rents falling in the Home Counties, too

Prime rents in the Home Counties dipped 0.8 per cent last year, but with the speed of fall appearing to be accelerating with figures for the...

Yet another council consults on extending private rental licensing

Consultation has begun on a new licensing scheme for landlords being proposed by Nottingham council.    It runs until March 31 and gives agents, residents, tenants, landlords and...

Buy to let lending improves, but driven mostly by remortgaging

Gross buy to let lending increased in November to the highest monthly level since the stamp duty surcharge was introduced in April, according to data from...

More buy to let investors seeking HMOs to offset higher taxes

A property investment financing specialist says an increasing number of buy to let investors are converting properties into Houses in Multiple Occupation to increase rental income...

Agents and councillors in voluntary deal over To Let boards

Four letting agencies and a number of local councillors in York appear to have reached a voluntary agreement to reduce the number of To Let boards...

Now Ireland looks at planning issues surrounding Airbnb lets

Properties let out via Airbnb in the Republic of Ireland may come under greater planning scrutiny.    It follows the news that a planning board review of a...

Buy to let lender bids to help 'complex' owner-occupier buyers

Paragon Mortgages, best known for its significant position in the buy to let market, has launched a range of residential mortgage products aimed at buyers with...

Campaigning agent keeps running total of crooked agents' 'swag'

Property campaigner Ajay Jagota has launched what he calls a “stolen deposits totaliser” to keep track of how much cash crooked letting agents are convicted of...

Think tank calls for more tenant-power in private rental sector

  The think tank IPPR has called for increased tenant-power within the private rental sector to give renters the kind of clout existing in Germany.   IPPR has made...

Sowerbys expands with letting agency acquisition

Sowerbys has expanded with the acquisition of lettings agency Steggles Larner for an undisclosed sum.   “We were delighted to be given the opportunity to merge with Steggles...

Which? says new mortgage constraints will hit buy to let

The consumer organisation Which? has joined the chorus of concern that new mortgage restrictions may hit buy to let landlords.   Since January 1, mortgage lenders have subjected...

New hybrid lettings and sales agency to be launched

A new lettings and sales franchise agency is being launched later this month.    Business brokerage and franchise development firm Transworld Business Advisors is to launch ‘Monopoly Buy...

Prime London lettings market - falling rents for re-lets

Figures from investment company London Central Portfolio suggest that re-lets of older properties to new tenants showed a fall in rents of 1.6 per cent last...

Consultancy beefs up team for Build To Rent and resi investment

Cushman & Wakefield has added a partner and an associate director to its Residential Investment & Private Rented Sector team.  Fergus Jack, Partner, and Oliver Chapman, Associate...

Mydeposits teams up with charity to 'professionalise' deposits

Agents, tenants and landlords on Jersey in the Channel Islands are to receive updated advice on the returning of deposits.   ITV News reports that the Jersey branch...

Renting may be financially more worthwhile than previously thought

New research claims that the financial benefits of renting rather than owning may have been under-rated.   A financial researcher at the University of Stirling, Dr Isaac Tabner,...

Rightmove forecasts rents outside of London will rise 4% in 2017

Asking rents rose 3.0 per cent outside of London in 2016 - but will rise 4.0 per cent in 2017. That’s the forecast from Rightmove, which says...

Agents and landlords urged to act before today's big freeze hits

As Britain faces sub-zero temperatures from today, commercial insurer NFU Mutual is advising property managers and landlords to prepare their property for winter’s worst.   Statistics from NFU...

Self-service portal for Build To Rent launched by two PropTech firms

Qube Global Software and PropTech start-up Engage have combined forces to deliver self-service portals to residents within the growing Build to Rent sector. The portal acts as...

Foxtons branch fined £2,500 over failure to describe fees properly

A branch of Foxtons has been fined £2,500 for failing to properly describe a fee charged to tenants.    The agency was caught in a probe by Newham...

Rents may not be able to rise further in 2017, warns HomeLet

Rent increases across the UK are now running at an average that is less than half the level of a year ago according to data from...

Agents hit with fines after failing to abide by new consumer legislation

Lettings agents have been issued fines totalling £14,100 by a local authority for failing to comply with consumer rights laws.   Officers from Thurrock council's trading standards team...

Lettings administrator admits stealing £16,000 from Savills branch

A former administrator at a Savills letting office has admitted embezzling around £16,000 from the firm over a five and a half year period.    The East Anglian...

Regional rent rises: 6.4% was highest in the UK in 2016

Northern Ireland, where rents were 6.4 per cent higher in December than in the same month of 2015, saw the strongest rental inflation of any region...

Letting agents' fee ban: Tory MP warns of "unintended consequences"

A Tory MP has taken to the internet to warn against what he calls the “unintended consequences” of a ban on letting agent fees levied on...

Another council considers restricting To Let boards in key rental areas

A consultation on whether to introduce stronger rules to control the number of 'to let' boards in Durham has just started.    The local council introduced a voluntary code...

Largest monthly fall in buy to let product range since 2009

Independent financial services monitor Moneyfacts claims that a new report is about to reveal the withdrawal of 74 buy to let products in the past month...

Average rent outside London now hits £750 per month

  The average rent paid for a home in the UK outside London hit £750 in December, rising by 2.04 per cent on average over 2016.   The latest...

Bid to ban letting agents' fees on tenants in another part of the UK

Letting agents’ fees levied on tenants - already banned in Scotland and now likely to be banned in England according to Chancellor Phillip Hammond - are...

Agents circulated with 'banned list' by Britain's biggest landlords

The couple believed to be the owners of Britain’s largest buy to let portfolio have defended sending letting agents an 11-point list of people who should...

New podcasts aim to educate agents, landlords and tenants

Hamilton Fraser - parent company to several key brands operating in the private rental sector - has launched a series of podcasts to help lettings professionals. The...

Pop-up brothels 'using privately rented apartments' say police

No fewer than 14 ‘pop up brothels’ have been discovered in one seaside town in six months, with all of them believed to be using privately-rented...

Another big rise in company applications for buy to let mortgages

There is yet more evidence that an increasing number of buy to let investors are setting up companies to offset the worst impact of changes to...

There's still too little specialist student accommodation, says website

Despite what many in the industry believe to be an upsurge in specialist student accommodation construction in recent years, one student property listings platform claims there...

High-end agency lures Countrywide manager to head lettings office

Carter Jonas has appointed Charlotte Rudkin-Wilson - a former business development manager at Countrywide brand Faron Sutaria - as its new head of lettings at the...

Council launches agency-style tenant vetting and sign-up service

Cheshire West and Chester Council has launched a scheme for private landlords offering some of the services more typically associated with letting agencies. The council’s Private Landlord...

Airbnb may lose £325m in London bookings after tightening rules

Airbnb’s decision to enforce the London-specific legislation which limits hosts to letting their properties for no more than 90 nights a year may cost it $US400m,...

Former Barratt boss to head fast-expanding Build To Rent company

Mark Clare, the former Barratt Developments chief executive, is to be the next chairman of Britain’s current largest listed landlord, Grainger, which is also becoming a...

New Year starts with new worries over financial viability of buy to let

No fewer than 60 per cent of buy to let investors say they believe they will be hit by forthcoming changes to mortgage interest tax relief...

Citizens Advice steps up campaign for longer private tenancies

Citizens Advice says some 39 per cent of people living with their children in rented homes have a tenancy of six months or less, which they claim...